Welcome home to this charming colonial retreat where comfort, character, and everyday living come together beautifully—with no HOA and a fully fenced backyard for your own private escape. From the moment you arrive, the expansive front porch invites you to slow down, sip your morning coffee, and stay awhile. Inside, you’re greeted by a light-filled, welcoming layout accented by luxury vinyl plank flooring throughout the main and upper levels—completely carpet-free for a clean, modern feel. The main level offers both formal and casual living spaces, including a spacious family room anchored by a gas fireplace, creating the perfect place to gather and entertain. The heart of the home is the open, inviting kitchen, thoughtfully designed with granite countertops, stainless steel appliances, pantry storage, and a seamless flow into the breakfast nook. Just beyond, sliding glass doors lead to a concrete patio and fully fenced backyard—ideal for weekend barbecues, pets, or simply unwinding at the end of the day. Upstairs, you’ll find a peaceful primary en suite featuring a walk-in closet, additional closet, ceiling fan, and private bath with dual sinks and a tub/shower combo. Two additional bedrooms and a full hall bath offer comfortable space for family or guests. The lower level adds even more flexibility, featuring a spacious recreation room, full bath, and a versatile NTC bedroom—perfect for a home office, guest space, or den. The extra-wide walk-up exterior stairs provides direct access to the backyard, making the space both functional and connected. Complete with a one-car garage and move-in ready condition, this home offers the perfect balance of style, function, and everyday comfort. Tucked in a convenient Woodbridge location near shopping, dining, and commuter routes, this home is ready to welcome its next chapter. No HOA fees - Prime location near Dale Boulevard, Prince William Parkway, Route 234, and I-95 - Ideally situated between Quantico Marine Base and Fort Belvoir Army Base for easy commuting - Close proximity to shopping, dining, and entertainment options, including Potomac Nationals Baseball Stadium, Prince William Forest Park, Potomac Mills, and Stonebridge at Potomac Town Center. UPDATES INCLUDE: Fresh paint, luxury vinyl plank flooring, HVAC 2024,Water Heater 2020, Roof 2016, updated loghting,vinyl siding & windows
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
